Cryptonewsbreaks Riot Blockchain Inc. (NASDAQ: RIOT) Issues...| MENAFN.COM

Monday, 08 August 2022 02:02 GMT

Cryptonewsbreaks Riot Blockchain Inc. (NASDAQ: RIOT) Issues Update For June 2022 Production, Operations


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Riot Blockchain (NASDAQ: RIOT) , an industry leader in Bitcoin (“BTC”) mining and hosting, today released a production and operations update for June 2022. Among the highlights, the company reported production of 421 BTC in June 2022, an increase of approximately 73% as compared to June 2021 production of 243 BTC.“We are pleased to report that during the month of June, we achieved full operation of all 23,000 S19 series miners in the first immersion-cooled building at our Whinstone Facility, Building F,” said Jason Les, CEO of Riot.“We initially conceived of plans for this immersion-cooled building just twelve months ago, and we are proud of our demonstrated ability to fully execute on our plans on such a rapid timeline. Our Whinstone Facility expansion project now continues on to our second immersion-cooled building, Building G, where the initial miners are deployed and hashing.”

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About Riot Blockchain Inc.

Riot Blockchain's vision is to be the world's leading Bitcoin-driven infrastructure platform. The company's mission is to positively impact the sectors, networks and communities that it touches. Riot believes that the combination of an innovative spirit and strong community partnership allows the company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and, for the near-term, in upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information, visit  .

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